1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Snezhnost [94]
4 years ago
10

George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits unti

l June 10th after April 15th to pay the tax. How much will his penalties be?
Business
1 answer:
Nadusha1986 [10]4 years ago
3 0

George penalties will be <u>$50</u>.

<u>Explanation</u>:

Penalty is a punishment imposed on the person due to violation of law or contract. Penalty fee is the amount collected from the person for not paying his debts or bills.

Penalty is imposed on the person for the purpose of punishing. If he/she fails to pay their bills, taxes or money borrowed, they will be imposed with penalty charges. So the individual should pay an additional amount as the penalty amount with his original charges.

In the above scenario, George fails to pay his income tax within the given time. So he was charged with the penalty of $50.

You might be interested in
Ricardo pays the following taxes during the year: Ricardo's Taxes Taxes Amounts Real estate taxes on his personal residence $2,5
exis [7]
The answer is 5,000bdbrbgvtvdhdudidjrbrbfbtbfjf
7 0
4 years ago
A comparison of the marketing concept and customer relationship management indicates that customer relationship management:_____
steposvetlana [31]

Answer:

d

Explanation:

4 0
3 years ago
15. Cole is about to purchase 4 units of good A and 6 units of good B. The price of both A and B is $2. Cole has only $20 to spe
atroni [7]

Answer: Option (A) is correct.

Explanation:

Price of good A = Price of Good B = $2

Income = $20

Therefore, from the above information, the budget constraint is as follows:

2A + 2B = 20

Both goods have an intercept value of 10 with A=4 & B=6 and the slope of indifference curve shows that marginal rate of substitution (MRS) is falling. This means that as we consume more and more units of a good, the utility obtained from that good decreases.

The utility derived from good B decreases as we consume more and more units of a good, since it is in larger proximity to the intercepts value.

Therefore, the consumer will pay to purchase more of good A as compared to good B at this point.

5 0
3 years ago
What is important to know about yourself when making a career choice?
yaroslaw [1]
It’s important to know your limits and your strengths.
The goal is to do your best in the job you have, so before making that important choice, it’s good to think about maybe your talents or hobbies that you have.
You could ask yourself questions such as:

Do I communicate well with people?

What am I best at?

Am I able to fulfill the tasks that are included in this career?

And I’m sure there are more questions, but it is a good thing to know yourself that way when you apply for a job, you know what you’re getting into.

I hope this helps!
~Brooke❤️
5 0
4 years ago
Suzanne, who started a new restaurant, set up her business as a _______ in order to keep her personal and business finances lega
lutik1710 [3]
The answer is A. close corporation.
Suzanne, who started a new restaurant, set up her business as a close corporation in order to keep her personal and business finances legally separate.
4 0
3 years ago
Read 2 more answers
Other questions:
  • Janet says, "i didn't get a job offer because the interviewer was biased and it was a nasty day; it had nothing to do with my qu
    9·1 answer
  • Exhibit 31-3 Costs of Eliminating: Firm A Firm B Firm C 1st unit of pollution $ 20 $ 50 $ 500 2nd unit of pollution $ 60 $100 $
    7·1 answer
  • The following information pertains to Marigold Company. Assume that all balance sheet amounts represent both average and ending
    13·1 answer
  • ​________ data is the information seen in most crm systems and might include customer contact​ information, past purchase and pr
    5·1 answer
  • What would happen in the market for loanable funds if the government were to increase the tax on interest income?
    7·1 answer
  • Which of the following is an example of a change in accounting principle? A.A change in inventory costing methods.B. A change in
    6·1 answer
  • Ecologists estimate that __________ are being driven into extinction each day due to __________
    14·1 answer
  • Olsen Company paid or collected during 2014 the following items:
    13·1 answer
  • Adelberg Company has two products: A and B. The annual production and sales of Product A is 500 units and of Product B is 1,000
    14·1 answer
  • Will the fed want to buy or sell government securities if sales or purchases of government securities are the only instrument us
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!